Rosetta.ai, a Taiwan-based fashion ecommerce startup, has raised US$2.4 million in its latest round of funding.
More funding details
- Lead investor: BroadVision founder Pehong Chen
- Returning investors: 500 Global, Artesian VC, Angel To Venture Accelerator, Loyal VC, and SOSV.
- Stage: Pre-series A
More company updates
- Rosetta.ai will use the new funds to ramp up hiring and develop its fashion-optimized personalization products.
- It personalizes product recommendations for fashion ecommerce customers using deep learning to increase order value and conversion rate.
- The startup said its business has grown 300% over the past three years.
- It also said that 1,000 ecommerce shops had seen a 2x growth in their average order value and a 3.3x increase in conversion rate, thanks to Rosetta.ai.
- The Taiwan-based analyzes consumer preferences such as color, material, and style, which it said cannot be tracked on Google Analytics.
- The startup was among the 14 companies selected by Shanghai-based Chinaccelerator, an accelerator program run by global venture capital firm SOSV.
Source: www.techinasia.com
Press Contacts
Rosetta AI team